I guess it depends;for instance, the traditional IRA is a retirement savings plan where contributions may be tax deductible and the values can grow tax deferred until withdrawal at...
No not as a tax reduction. But when your 1040 federal income tax return using the schedule D of the 1040 is completed correctly and you have a capital loss on the sale of the stock it is possible...
Yes this is very possible because the amount is replacing wages that you had not yet received and paid any income tax on yet.So the amount will be subject to income taxes in the year that you receive...